Andy Lally, a three-time Grand Am champion and five-time Rolex 24 At Daytona winner, will retire from professional racing after competing in his final race at the 2024 Rolex 24 At Daytona. Following his retirement, Lally will assume the role of Trans Am Series president under Parella Motorsports Holdings.

The 49-year-old racing veteran has amassed numerous achievements throughout his 26-season career, including NASCAR Cup's Rookie of the Year honors in 2011 and dozens of sports car victories across Grand Am, American Le Mans Series, and IMSA.

His final race will be with Magnus Racing, his team of 13 years, which is also concluding its racing program as team owner John Potter focuses on real estate ventures. Lally enters his last professional race as the winningest active driver at Daytona, with an unprecedented streak of 22-23 consecutive Rolex 24 appearances.

PMH CEO Tony Parella praised Lally's appointment, citing his extensive motorsport experience and leadership qualities. For Lally, the transition represents an opportunity to contribute to the sport's development for potentially another decade.

While stepping away from full-time driving, Lally remains open to occasional racing opportunities, including possible future Rolex 24 appearances, provided they don't conflict with his Trans Am duties. He will begin his new role as Trans Am president at the series opener in Sebring this February, just days after his 50th birthday.

Lally expressed enthusiasm for Trans Am's potential, particularly highlighting the series' powerful cars without driver aids and its role in developing young racing talent. He emphasized his commitment to fully dedicating himself to his new leadership position and contributing to the series' continued growth.

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